What is the test for determining whether a lease is valid or invalid in an oil and gas lease dispute?
"New York", United States of America
The following excerpt is from Beardslee v. Inflection Energy, LLC, 2015 N.Y. Slip Op. 02677, 25 N.Y.3d 150, 31 N.E.3d 80, 8 N.Y.S.3d 618 (N.Y. 2015):
The construction and interpretation of oil and gas leases is guided by basic principles of contract law (see Estate of Hatch v. Nyco Mins., 245 A.D.2d 746, 747, 666 N.Y.S.2d 296 [3d Dept.1997] ), and the parties agree that New York law governs the leases in dispute.
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